Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High – Should You Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$72.54 and last traded at C$69.79, with a volume of 967426 shares trading hands. The stock had previously closed at C$70.15.

Dundee Precious Metals Trading Down 4.1%

The firm has a 50 day moving average price of C$53.37 and a 200 day moving average price of C$50.77. The stock has a market capitalization of C$14.67 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 0.04 and a beta of 1.44.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Thursday, July 30th. The mining company reported C$1.35 earnings per share for the quarter. Dundee Precious Metals had a return on equity of 24.39% and a net margin of 51.68%.The company had revenue of C$513.67 million for the quarter. On average, equities research analysts expect that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current year.

Insider Buying and Selling

In related news, insider Alexandria Louise Wilson sold 4,466 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of C$48.69, for a total transaction of C$217,449.54. 0.16% of the stock is currently owned by corporate insiders.

Dundee Precious Metals Company Profile

DPM Metals Inc is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. The Company’s purpose is to unlock resources and generate value to thrive and grow together. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions.